Question

P, Q, R and S are partners sharing profits in the ratio of 7:5:2:1. S retires from the firm. Calculate new ratio
after S's retirement and also gaining ratio.
Ang Both New Ratio and Gaining Ratio 7.5.21​

Answer 1

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Explanation:

New ratio

R gets share =existing ratio + get

R's get = 7/20*1/3=7/60

R's new ratio=8/20+7/60

=31/60

G's get 5/20*2/3=10/60

G's new ratio=5/20+10/60

=15/60=10/60=25/60

SO,

NEW RATIO IS 31:25